Secret Owners of British Real Estate to Be Unmasked

David Cameron to lift the veil on anonymous shell companies that hide money in real estate purchases

The owners of offshore companies holding £170 billion in British property are set to be unmasked in a crackdown on money laundering and tax evasion.

David Cameron is expected to announce plans to lift the veil on anonymous shell companies that buy huge swathes of British real estate. While owning property through offshore companies is not illegal, it allows criminals to mask ownership and hide taxable assets as only the company’s name appears on public documents.

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